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Updated about 10 years ago on . Most recent reply

User Stats

43
Posts
5
Votes
Gregg Alexander
  • Investor
  • Brooklyn, NY
5
Votes |
43
Posts

Creating a legal entity

Gregg Alexander
  • Investor
  • Brooklyn, NY
Posted

when planning to wholesale full time when is the right time to set up a business, before my first deal? After my 3rd successful one?  Also what is the right entity to create for just me and my girlfriend as partners? 

Most Popular Reply

User Stats

322
Posts
238
Votes
Stephen Barton
  • Real Estate Agent
  • Indianapolis, IN
238
Votes |
322
Posts
Stephen Barton
  • Real Estate Agent
  • Indianapolis, IN
Replied

@Gregg Alexander my wife and I are 50/50 partners in our S-Corp. I think this was the right way to go for us in doing wholesale deals. I feel personally that you need to set up your company right away. I mean you need to start building a brand name and that takes time! You should also seriously think about creating a website right now! This will take a little money but you need to get started. Rome was not built in a day! Good luck and feel free to reach out to me and ask me questions!

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